mac: a waterproof raincoat made of rubberized fabric
MAC: a data communication protocol sub-layer, also known as the Media Access Control
Mac: a brand name which covers several lines of personal computers designed, developed, and marketed by Apple Inc.

This isn't too hard if you already own a digital video camera that has a video in/out port, this is downright simple. Connect your VCR output up to the A/V in jack (using the cable you got with the camera to hook it up to a TV). Now plug in your camera's firewire to your mac. Open iMovie, press record in iMovie, press play on the VCR... TADA!
Now pass that video over to iDVD when it's done, make a DVD... Burn it... Impress your friends.